Renault Triber Car Loan EMI Calculator

₹ 12,845.
Here is how - Renault Triber price starts from ₹ 7,42,895 in Mumbai. If you pay a down payment of ₹ 1,09,395 for a 5-year loan available at 8% interest rate, your EMI amount will be ₹ 12,845.

The cheapest Triber model is RXE which is priced at ₹ 7,42,895 in Mumbai. You will need to pay at least a ₹ 1,09,395 down payment to buy this model.

Note: Down payment is the amount you would pay upfront to buy your car. Bank give you a loan for the remaining amount.

Here is a model wise list of max loan amount for Triber.

Version	On-road price in Mumbai	Max Loan
RXE	₹ 7,42,895	₹ 6,33,500
RXL	₹ 8,25,498	₹ 7,05,500
RXT	₹ 8,88,597	₹ 7,60,500
RXT EASY-R AMT	₹ 9,51,314	₹ 8,12,500
RXZ	₹ 9,62,786	₹ 8,22,500
RXZ Dual Tone	₹ 9,89,173	₹ 8,45,500
RXZ EASY-R AMT	₹ 10,22,443	₹ 8,74,500
RXZ EASY-R AMT Dual Tone	₹ 10,48,830	₹ 8,97,500

As a thumb rule, you can get a maximun loan of up to 100% of the ex-showroom price.

Good Practice will be to chose the shortest possible tenure for which you can afford an EMI amount.

• 1. If you select a higher tenure loan, let's say 7 years, your EMI for Triber RXE will be ₹ 11,579 but you will have to pay interest of ₹ 3,39,136 over the period of 7 years.
• 2. If you select a lower tenure loan, let's say 3 years, your EMI amount will be higher at ₹ 23,280, but your interest payment will be only ₹ 2,04,580 over the 3 years period.

₹ 12,845
Renault Triber price starts from ₹ 7,42,895 in Mumbai.

We have considered
Down-payement : ₹ 1,09,395
Tenure : 5 years
Interest Rate : 8%

You will need to fulfill the following 2 criteria to buy Triber with a loan

• 1. Age should be above 21
• 2. Your annual income should be above ₹ 2,48,000

As a general rule, banks or other lenders offer you a car loan 3 to 4 times your annual income. Considering the on-road price of Triber starts from ₹ 7.43 Lakh, you can get a loan with an annual income as low as ₹ 2.48 lakh.

Here are the most important things you should consider while getting a car loan for a new Triber

• 1. Interest rate - Go for the loan with the lowest interest rate.
• 2. Additional Charges - processing fee, prepayment charges, late payment penalty are some of the important points you need to check before taking a loan.
• 3. Tenue and Max Loan Amount - Select a lender who gives you a loan that you can afford.
  -If Max loan amount is lower, you will have to shell out more money upfront to buy the car.
  -If Tenue is lower, your per month instalment amount will increase.
• 4. Eligibility - Banks may have stricter eligibility requirements compared to NBFCs or other financial institutions.